Ripple USD (RLUSD) stablecoin has achieved a $1 billion market capitalization milestone, marking the largest for any stablecoin on the XRP Ledger. Launched in December 2024, RLUSD’s total supply now stands at 1.02 billion tokens across Ethereum and XRP Ledger networks, as reported by CoinMarketCap.
-
RLUSD surpasses $1 billion in market cap within less than a year of launch, showcasing rapid adoption in the stablecoin sector.
-
Issued on both Ethereum and XRP Ledger, RLUSD combines blockchain efficiency with stability pegged to the U.S. dollar.
-
Recent integrations with Ripple Prime and other services are set to expand RLUSD’s role in global settlements, according to Ripple’s announcements.
Discover how Ripple USD (RLUSD) stablecoin hit $1 billion market cap, its XRP Ledger dominance, and future growth. Explore the implications for crypto settlements today.
What is the significance of RLUSD reaching $1 billion in market capitalization?
Ripple USD (RLUSD) stablecoin hitting the $1 billion market cap threshold represents a major validation of its stability and utility in the cryptocurrency ecosystem. Pegged 1:1 to the U.S. dollar, RLUSD has quickly become the leading stablecoin on the XRP Ledger, with a total supply of 1.02 billion tokens minted across Ethereum and XRP Ledger networks. This milestone, achieved less than a year after its December 2024 global debut, underscores growing institutional trust and positions RLUSD for broader adoption in cross-border payments and financial services.
How does RLUSD integrate with Ripple’s ecosystem for enhanced utility?
Ripple USD (RLUSD) is designed to leverage the speed and low costs of the XRP Ledger while maintaining compatibility with Ethereum, allowing seamless transfers and minting across both blockchains. As per data from CoinMarketCap, this dual-network approach has driven its supply to over 1 billion tokens, enabling use cases like collateral in prime brokerage products and over-the-counter spot transactions. Ripple executives, including SVP of Stablecoins Jack McDonald, have highlighted the team’s efforts, stating they are “proud of the stablecoins team at Ripple as RLUSD surpasses $1 billion in market capitalization.” Furthermore, Ripple President Monica Long echoed this sentiment, noting, “The RLUSD team puts the pedal to the metal every day. Congrats Jack McDonald and team on this achievement.” These integrations not only boost efficiency but also ensure compliance in global settlements, with recent listings on platforms like Bitpanda expanding retail access across Europe.
Frequently Asked Questions
What makes RLUSD the largest stablecoin on the XRP Ledger?
RLUSD stands out as the largest stablecoin on the XRP Ledger due to its $1 billion market cap and 1.02 billion token supply, surpassing competitors through Ripple’s robust infrastructure. Launched in December 2024, it offers dollar-pegged stability with fast settlement times, making it ideal for institutional use. CoinMarketCap data confirms this dominance, reflecting strong demand and reliable reserves backing each token.
